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Teraki

Series A

Teraki provides an AI-enabled edge processing platform for the automotive industry. It offers embedded software that works as an enabler for current and future IoT/M2M applications. It claims that its solutions reduce the amount of data generated by sensors by up to a factor 10 without compromising its quality. The solution enables the applications to pre-process the sensor data for better decision making. The…

High Tech · Edge Computing, · Berlin, Germany · EST 2014

About

Teraki provides an AI-enabled edge processing platform for the automotive industry. It offers embedded software that works as an enabler for current and future IoT/M2M applications. It claims that its solutions reduce the amount of data generated by sensors by up to a factor 10 without compromising its quality. The solution enables the applications to pre-process the sensor data for better decision making. The company operates in the Edge Computing sector with additional focus on Edge Computing and AI Infrastructure. Its business model centers on Edge AI Processors. Founded in 2014, headquartered in Berlin, Germany. The company has raised $16.3M at the Series A stage. Backed by investors including Hubraum, Horizons Ventures, innogy.ventures, Paladin Capital, Rev1 Ventures and others.

Business model

Edge Computing > Edge AI Processors,

AI Infrastructure > Enabling Technologies > Hardware > Processors > Edge Processors,

Internet First Insurance Platforms > Internet First Insurers > P&C > IT > Cyber,

Insurance IT > Data and Monitoring Solutions > Usage-based > Property & Casualty > Auto,

Auto E-Commerce & Content > Insurance > Internet First Insurer > Usage Based

Institutional investors

HubraumHorizons Venturesinnogy.venturesPaladin CapitalRev1 VenturesBright Success CapitalAlumni VenturesEIC FundTechnical University of BerlinAmerican Family VenturesGPS VenturesEuropaRenew CapitalVireo VenturesState Auto Labs

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